What does TRAD mean in ISO 20022?

TRAD is Trading Side in the ExternalCalculationAgent1Code code set: Trading side will act.

Where does TRAD appear in a message?

For example in fxtr.014, element OptnlGnlInf/ClctnAgt/Cd.

ExternalCalculationAgent1Code

TRAD Code: Trading Side

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

TRAD means trading side in the ISO 20022 calculation agent code set. Trading side will act.

Code: TRAD
ISO name: TradingSide
Status: Registered
Last updated: 2025-02-28

Official definition

Trading side will act.

Definition from the ISO 20022 External Code Sets, 2Q2026 (published 28 Aug 2026).

Messages and fields that use ExternalCalculationAgent1Code

Message	Element path
fxtr.014	OptnlGnlInf/ClctnAgt/Cd
fxtr.015	OptnlGnlInf/ClctnAgt/Cd
fxtr.016	OptnlGnlInf/ClctnAgt/Cd
fxtr.017	GnlInf/ClctnAgt/Cd

TRAD in other code sets

TRAD questions

What does TRAD mean in ISO 20022?: TRAD is Trading Side in the ExternalCalculationAgent1Code code set: Trading side will act.
Where does TRAD appear in a message?: For example in fxtr.014, element OptnlGnlInf/ClctnAgt/Cd.

All ExternalCalculationAgent1Code codes · ISO 20022 code sets

The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.